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. >>steve: the president's latest nomination running into major resistance from both parties. but somebody is stepping in to help. wait till you hear who is funding the fight. remember this guy? he got so drunk at a flight he had to be duct taped to his seat. if you thought the pictures were bad, wait till you see the video of him getting taped up. >>brian: "fox & friends" starts now. >>brian: i wonder if that guy was going on vacation? >>gretchen: he was apparently. he was going to the caribbean to meet his girlfriend. the only problem was he was groping other women on the flight. >>brian: that and the fact he drank an entire bottle of whiskey. the thing is if he wants to look at his vacation photos, everyone in america has them. the only thing about this story is i'd love to go to iceland. >>steve: he's going from iceland to new york eventually to the caribbean. >>gretchen: iceland was the hit place a couple of years ago. we saw a bunch of people in hot tubs. >>steve: natural springs. >>gretchen: then something happened. >>brian: i think the economy collapsed. >>gretchen: we've got to ge
it was on a plane. >>alisyn: that's better? >>steve: eric bolling in for brian who is on vacation. ali is in for gretchen. >>alisyn: what have you done with your staff? >>steve: they are on vacation. >>alisyn: a lot of news. there are brand-new concerns about killer whales that freed themselves from the ice in quebec. no one has seen them since. we watched that video of a family of 12 whales struggling to breathe out of a hole the size of a pickup truck. then the wind shifted and the water opened up -- the ice opened up and the grandmother whale, we're told, led them all to safety. but now aerial crews sent to track them cannot find the whales. killer whales can swim a mile before needing air. that is about 20 minutes. we'll keep an eye on this story and bring developments as soon as we get them. >>> there is enough evidence, we're told, to put the accused dark knight shooter on trial. he is expected to be arraigned today. but it is likely defense attorneys will ask for a delay. james holmes is accused of opening fire in a colorado theater last july killing 12 people and injuring 70. >
i'm gretchen carlson. the flu outbreak is spreading more. how you can protect yourself. >>steve: call him sherrif joe biden. he tells the president forget congress. crack down on guns by executive order. will they really gut the second amendment? >>brian: what would you do? an invisible driver places an order at the drive-thru. >> hello. is someone in there? >> i'm a ghost. thank you. >>brian: "fox & friends" said they did the right thing. i'm a tkpwoefplt -- i'm a ghost. >>gretchen: first we see dogs driving cars a few weeks ago. now we have ghosts driving cars and ordering fast-food restaurants? >>brian: i've got a feeling that is a practical joker as opposed to a dog driving. later on in the show we'll get a trainer show you how to get your dog to drive a lawn mower. >>steve: do you think the after-life is interesting going through the drive-thru window? >>brian: you need a quick break but don't have time to sit down and have somebody take your order because you're a ghost. you drive through and go back to scaring people. >>gretchen: let's begin with a fox news alert. the flu
bay. it's kind of moving around. steve will be here with a complete report. driving purposes. don't use the high beams. we're also checking 880. northbound, 880 near high street. they are clearing it now but the traffic is just a mess. 880 northbound. the alternate route for you would be 580 if you can get over there. 580 is crowded. traffic is backing up in san leandro on 880. bay bridge toll plaza, it's backed up. it's not all that bad. some people may be stuck on 880. but it's backed up for about a 15-minute delay. in san jose, we've been watching the road sensors. northbound 280, 101 and 85, you will see some slow traffic there. let's go to steve. >>> thank you, sal. >>> we're on on the mild side coast and bay. yet the fog reports continue to come in. evelyn in campbell, really, really foggy. jenny in benicia, the nothing horns are sounding. so i mean, it continues to move back in. it makes sense about 7:00 to 9:00. and then it will start to lift a little bit. 30s to 40s. it will be beautiful around the coast and bay. morning fog, sunny, warmer. i haven't wrote that or said th
to steve. >>> all right. we do have -- some patchy fog. yesterday, was much more widespread, especially san jose. things seem to be a lot better today towards the south bay but there's still some in the north bay and east bay. the cold is the bigger story. it's not working its way in but it will tonight. no doubt about it, thursday into friday. lows will be dipping in the 20s. 30s, maybe even around the coast. windy, possible showers, but this is not a big system for big rain. it's a big system for cold air because of that already, thursday night and friday, a freeze warning is out for the north bay and frost advisories. i know we're still a day away. this will be very cold air. it might last until sunday. increasing clouds throughout the day. maybe a little filtered sun. 30s and 40s. some of that patchy fog. temperatures are stuck. haven't seen them move that much. here is the cold air. we'll see it will swing in. still about a day away. but a little bit cooler today with increasing clouds coming in. not a big deal. mostly cloudy, patchy fog, combination of the two makes for a gray day. av
, it is cold. let's check in with steve. >> it is cold, breezy you two. a lot of 30s and 40s. if it wasn't for that breeze it would be colder. couple showers possible. i think even inland could be a little bit more in the way of cloud buildups today. upper 40s and low 50s. here is sal. >>> traffic on highway 4 bay point you can see it moving along pretty well. san francisco northbound 101 traffic also looks good approaching the 80 split. let's go back to the desk. >>> we are following breaking news right now from the east bay. ktvu channel 2 reporter tara moriarty is in oakland where there is a raid going on. tara what can you tell us? >> reporter: if you take a look over here to my right to the right you can see this is the house that was actually raided just moments ago. and some of the people who live in that home were allowed back inside. officers have been questioning them but they're not under arrest. others were arrested. we're in the max well park neighborhood off interstate 5580. just after 5:00 this morning officers moved in. this is about one of half a dozen raids taking place
was not granted pay -- steve harrison says an hour twitter page -- the national journal has a piece available online focusing on at this and other issues that the president will be facing in his second term. the headline -- seven democratic senators in conservative states facing tough reelection bids in 2014 said that the president has already had some unpleasant stumbling blocks within his own party. and gun control, the white house is calculating that it will be exceedingly difficult to pass broad measures. that is according to the new york times. rockefeller announced his retirement on friday, making his seat vulnerable for the first time since 1959. this story is available at nationaljournal.com. emery joins us from michigan, the independent line. host: good morning. i just wanted to know, how does the american people think it is totally obama's galt we are in debt? we had things going on such as the war that caused so much money. that -- that cost so much money. we have jets, we have so much put out to protect us. how could people be so upset, wondering if obama will be able to go throug
a difference a week makes. this morning, it's about a 15, 20-minute delay. let's go to steve. >>> thank you, sal a lot of fog around there. higher clouds coming in. a beautiful sunrise. but the higher clouds are all we'll see out of this system mainly staying to the north. there's thick fog being reported in the bay. morning fog, higher clouds. a little warmer tomorrow. it's a dry forecast and then on wednesday into thursday turning colder, much colder thursday,/friday as we get a stronger system coming in. we'll have a lot of cold air coming in thursday/friday. the recent rain has moved off into southern california. and then out of the area. but the overnight temperatures and the dew point coming together and that gives us thick fog. that will be with us today and tonight. these higher clouds, coming down around the southern edge of the system which has been spilling over. so we get the higher clouds. patchy, thick fog in the morning. 30s and 40s. higher clouds in the afternoon. 54 to 62. most locations, 30ss, 40s. novato is sweeping in. i did see a 39 there. fairview is 34, 34 livermore.
are a low-cost iphone for emerging markets. shanghai evening news claimed the apple marketing chief steve shiller says the future for apple isn't cheap phones. apple hasn't responded to my request to clarify what shiller said and frankly i don't trust language that's been translated and retranslated. the future of apple isn't cheap ipads but that doesn't stop them from coming out with ipad minis. you can bet they have worked on a phone that would meet their standards and avoid cannibalizing the high-end iphones. if they release one, that's a bigger story. >> apple stock, a buy or a sell? the stock hovering around $500 a share. still well below its all-time high, so is it a buy or not? on the technical side of the story ennis tanner with me with riskreversal.com and on the tech fundamental side, jeff, we'll start with you. >> growth rates in china, it's huge, but i think there's a bigger story here in apple, and we can talk the numbers to death, but there's a transition going on. over the last six years apple has been this hyper growth company with an investor base that included everybody,
'll get much more on the markets coming up, but first steve liesman with breaking news right now. this is the latest read on the u.s. economy. steve, what can you tell us? >> maria, thanks very much. the federal reserve reporting consumer credit for november, consumers in a borrowing mood with consumer credit rising 7%. non-revolving credit, auto, student loans, up by 9.6% with a big rise in student loans. the federal part of this thing was up pretty strongly, and non-revolving credit was up 1.1%. student loans up by $5 billion to a record $521 billion, and outstanding bank credit card was up by 6 billion as well so banks were not shy about alleged on the credit cards. meanwhile, jeff lacquer, fed president saying growth at 2 it is is what is expected for 2013 but 2014 could be stronger with reduced risk and ending some of the financial uncertainties that have -- that he says hobbled growth in 2012. he repeated his opposition to current fed policy and warned that a big fed balance sheet means that the economy is vulnerable to even small mistakes. maria? >> all right. steve, thank
>> welcome to the journal, live from dw. i am steve thomas. >> i am steve chaid. >> the opening of the berlin brandenburg international airport is again delayed. >> five gang rape suspects appear in court for their first hearing. >> get ready for the wagner year as classical music fans celebrate the 200th anniversary of the german composer prosper a. -- gir-- german composer's birt. >> construction problems and safety concerns have dealt yet another set act, the fifth now, to berlin's new international airport. no new opening date has been scheduled, what it is looking like the airport might not be opening before 2014. >> the delays are now having political repercussions. early in's mayor has announced his resignation of chair -- berlin's mayor has announced his resignation as chair. >> the list of problems facing berlin's new airport is getting even longer. the latest raft of issues means the airport will not be able to meet the revised opening date of october this year. over one billion euros more could be needed for the project. it was one disaster to many for klaus wowereit.
john boehner replayed the whole thing to the "wall street journal" steve moore. the president says the country does not have a spending problem. told boehner to his face at the white house that it is all fiction. spending isn't the problem. healthcare is. get that under control the president reportedly says pretty much everything else is under control. we will talk to steve moore in a is second about what boehner said after this. it might explain this. nancy pelosi pushing for still more revenues this week and republicans demanding dollar for dollar tax hikes to spending cuts. what makes you think we will make any progress wielding this out of control when we are not. steve, why less won't be more. steve this is fascinating. tell me exactly what went down. >> i did the interview with speaker boehner on friday over in the capitol and one of the first things that he told me in the meeting. i said what was the most interesting thing and shocking thing about the five weeks of negotiations in the oval office with president obama? and he said at one point the president turned to him and
. this is a long time coming. this is a very long time coming. joining us now is steve clemons from "the washington note" and the new america foundation. steve writes at "the atlantic magazine" where he is washington editor at large. thank you so much for being here. >> my pleasure, rachel. >> president obama's announcement today that u.s. troops are going to change mission, move to a support role this spring. we had known that it was possible maybe as early as this next summer before today. do we know why the president felt he could accelerate the pace today and do it by this spring? >> well, i think that the president has looked at the -- he just won election. he has looked at the political tea leaves in the united states, and there is not very much support for this. and i think he is making a very important strategic judgment that the timing, that you've got american men and women still on the front line. they're still going to be in danger, but there is nothing strategically achievable in the spring that is different than what is strategically achievable in the summer or fall. and i think for t
, really cold outside. >> yeah. steve paulson joins us now. what helped prevent the predicted record cold? >> the north wind. >> so strange. >> it'll be colder i think on sunday morning. that looks to be the coldest but morning lows, some took a while. overnight lows 24 to 44, frost and freeze warnings out for about another hour. temperatures 29 at napa, fairfield was 26, now 30 telling me a little breeze picked up. 26 not far from livermore but oakland 41, the city 44 and 47 half moon bay with a north wind of 25 miles an hour. san jose 37, san rafael down to 34. with that north breeze it'll be cold. we will have to -- upper 40s, low 50s. there is a possibility maybe of some scattered showers today. more than today. you can see the system on the north coast. >> time is now 7:03. we have developing news coming in from the north bay. a teen who just turned 17 years oldo was shot to death just hours ago. claudine wong is at the apartment complex. >> reporter: they are still out here. if you look behind me you can see where they set up on the 300 block of the drake. looks like they will b
coming, a long time coming, a very long time coming. joining us now is steve clemens from the new america foundation. he writes for "atlantic" magazine, washington editor at large. thank you for being here. >> my pleasure, rachel. >> president obama's announcement that troops will move to a support role this spring, we had known it was possible maybe as early as this next summer before today, do we know why the president felt he could accelerate the pace today and do it by this spring? >> i think that the president looked at the tea leaves in the united states, not much support for this. making a strategic judgment that the timing that you have american men and women still on the front line, going to still in danger, but nothing strate c strategically achievable in the spring that is different than what is strategically achievable in the summer or fall. for those people who thought barack obama would acquiesce to permanent war, they are totally wrong this is a very important day. i was re-reading "the drift: the unmooring of american military power," written by one rachel mad yao today,
joins us and steve liesman, our senior economics reporter. you worried, what are you thinking here? >> you know the problem is we're already starting to see the consequences and specifically we saw that in the quarters leading up to the fiscal cliff discussion, and really this is just another reminder, another round reminding the american people and the world just how much of an imbalance this u.s. u.s. economy has become with out-of-control government spending and removing any incentive for businesses to invest in the u.s. economy. these are different conversations. when we talk about the government shutdown as a result of breaching the cliff, this is on obligations already made, dollars already spent. the conversation that we need to have or include here is reining in future spending which is what the republicans are trying to do at this point. >> what do you think, steve? have we already seen damage to the economy with all this uncertainty and questions surrounding the debt ceiling and the fiscal cliff, or is there a point that you believe the debt ceiling fight damages the econ
as the main player? >> steve liesman and rick santelli tell us what they think it all means. steve, you first. you recently did, as you know that great interview with tim geithner right here on the "closing bell." how well do you know lew? >> not as well. he was at omb for a brief time, a couple years in this administration, his second go-round there. look, we're learning more about him, and i don't think there's very much mystery here. he would be picked for the job because he's a budget expert, and that also he's a loyalist inside the obama administration and in a place that values loyalty like a lot of white houses, and the question becomes does he have other critical qualifications that say wall street or the international banking and financial system would require, with the big question being, you know, if we were at a place where there was another financial crisis, how well would jack lew, as did robert ruben, hank paulsen and tim geithner do to instill confidence? >> steve, you were right on the money with the jack lew prediction. you and i had this conversation, but i just wonder, you
will not be cutting spending. we'll have steve moore for you, he got the interview and the opening bell coming up next. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity the protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious
window. it even ymlooks cold. steve paulson çsaid it'll get ç colder. we will tell you çwhen and how long çthis cold snap will last >> c and ÷7!ñstory of çthese wildve survivors. how a family çmanaged to escap with çtheir lives çççafter surrounded by fire. 3@3rñand we have live zvpicture of this truck that çfell off a ]eñçin vallejo. pretty çserious situation. they are ÷úclosing freeways and material ÷úfire. we will let you çknow more coming up. bç i know. i know i need to quit this. - well, how about... - that smokers' helpline? yeah, they can give me a plan. - help me through the rough spots. - so you're ready to... quit? everyone wants me to quit-- my doctor, my wife, the dog. - not good for the dog. - anyone else? hmm? what? anyone else want you to quit? me! i want me to quit. tdd# 800-933-4833 - ( rings ) - woman: smokers' helpline. oh, hi, it's me. . >>> want it go back ÷úto the breaking news ÷úin vallejo. a truck w has overpass and çthat's closed u! highway 37. burç on the scene and zvwe could see the smoke r>and the flames s
. >> there we go. >> i don't think -- >> pimco -- >> you know i'm thinking of steve jobs and -- >> i know. >> it's -- >> i'm going to do it with my ipad, too. anyway when we come back. an interesting -- interest rate decision from the bank of england is just a few minutes away. plus president obama set to nominate jack lou as treasury today. roger altman will join us on set as our guest host for the next hour. "squawk" will be right back. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> talking treasury. who is america's new top money man? the nomination of jack lew and what this means for the markets. reaction from former deputy treasury secretary roger altman. >>> stocks in focus. the most important themes for investors. get the names before trading begins, with jason trennert. >> and the herbalife war of words. >> herbalife is a pyramid scheme. >> now another activ
-packard or steve jobs. the seats we plant brings the vast forests of new products and new technologies and new patents in the future. that is where we have to -- we have to keep our eye on the main thought here. that is the discipline, the imagination, and the investment. that is what makes california -- that is why people are still coming here. they're not staying in colorado, i am sorry to say. they're right here. [applause] >> just briefly, setting aside plunder for a moment. >> i am sorry about plunder. it is a big part of wealth creation. >> could you talk briefly about your turn initiative? >> it is going well. mike rossi is leading the charge. i have met with what i think will be the next president of china. we have delegations from china to come here. we're sending delegations there. this is not just business as usual. we're getting detailed committees and proposals, a couple of the key states. we want good coming this way. we want good going out way. -- goods coming this way and we want goods going out that way. >> are you doing anything like that? >> we have been working on the north
has new details on steve cohen. melissa: you are always controversial. charlie: here is what is interesting about steve cohen. in february, as they see faces a window of redemptions. here is what we know. fac officials are screaming to prevent massive reductions. they are currently contacting and holding one-on-one meetings with investors. they are essentially saying that despite everything, the investigation -- a wells notice has been given. despite all of that, they think that steve cohen we'll be okay. they may get a large fine. they think they are facing charges. they will not be indicted. it will not be a criminal case. keep your money with us. the bottom line is this, you do not know until february. investors essentially hate this type of controversy. some very large investors have put holds on the stocks. i can also tell you, steve cohen and these guys are very aggressive. they are out there trying to get large investors to stay with it. they will come out after the story. these are different one-on-one meetings. this is crisis mode. they think there is a very good lik
if you want to. brickleberry is coming up. time for this week's spoiler alert. in this episode, steve dies. good night. oh, and we are moving to sundays at 1:00 p.m. see you then. (cheers and applause)>> stephena avoids a financial crisis. in a related story, congress would like to talk to you about the benefits of amway. [ laughter ] then bill o'reilly under attack from the p.c. police. instead of "pinheads and patriots," from now it's patriots and differently skulled americans. [ laughter ] my guest jimmy wales is the driving force behind wikipedia. big deal, so is everyone else. [ laughter ] it's 2013, suck it mayans. [ laughter ] this is "the colbert report." ["the colbert report" theme music playing] [cheers and applause] welcome to the report, everybody. thank you so much for joining us. [cheers and applause] [crowd chanting stephen] [cheers and applause] >> stephen: thank you so much. everybody, welcome to the broadcast. good to have you with us. nation, i am back! [cheers and applause] now, i haven't sat at this desk for 24 days. that is 576 hours or two viewings of les misera
is fueling a counterfeit boom. abc's steve osunsami has more. >> reporter: it looks real. this $100 bill is funny money and production is booming. federal authorities are saying that in most cases the crooks are using everyday office equipment. scanners, printers and printer ink. >> it is easier and it is faster today because of copiers and sophistication in different type of inking systems. >> reporter: in atlanta they busted a graphic artist known as the printer. prosecutors say that heath kellogg, his father and four other men produced more than $1 million in counterfeit bills. using a printer to print out fake 50s. printing the front of the bill on one sheet. back of the bill on another. before carefully gluing it all together. there are a flood of "how-to" guides on the internet. in november, rhode island police arrested this man who learned how to make a chemical soup to rub off ink on $5, turning them into fake 100s. he maintained he is innocent. >> if the consumer takes the time to match the watermark and knows it doesn't match the portrait, they would know something was wrong wi
be confirmed pretty easily. even though he has tough questioning at confirmation. >> let's bring in steve liesman. he is low drama, low confrontation. he doesn't have wall street regulatory. who is lew? >> i think the first theng i will do is begin the series of puns beginning with jack lew's name. let me say more about jack lew, we call this one, you don't know jack. >> of course you do. >> this is a financial education. beginning with harvard and georgetown. but that never disqualified anybody. tip o'neill 93 and '94, special to president clinton. and that's what john harwood was talking about. incredible expertise with the budget. moving on in 2006, new york university as executive advice president. then a stint at citigroup. first at global wealth management and next in a controversy by the way that comes up with a large bonus he got while citigroup was getting tart money. finally reenter the administration. i'm sure the administration will make a cot of, as secretary in charge of of resource management. and second stint of omb. then white house chief of staff to the present. let's lo
. periodically they've developed what steve jobs used to say is, not what you want in the sense that, well, i'm looking for a better -- but something you never thought about that you suddenly just can't believe you can't live without. i think they've got to come up with something. they've got to come up with something that you can't live without that you don't know about. >> and they'll be able to do that without steve jobs? not just embracing something, but pushing the people behind it to actually make it a reality? >> tim cook, according to the interview, with steve jobs, not a product guy. but there are product guys there. this was not a one-man company. >> no, it wasn't. >> henry ford was not the only person at ford. but ford did change rather dramatically. is that the right analog? i struggle on apple every day, because the data points are not so great. >> they're not. as a consumer, who uses apple products, we want to love the stock, but that's not necessarily the case. >> i love the ecosystem so much. i was downloading this apple ecosystem from itunes. but it's not a rain forest, and w
show. now they're partnering up with miss america. >> steve: look like a queen. >> gretchen: be in shape if you're on the run. log on to our after the show show. have a great day, everyone. >> brian: bye. >> steve: see you tomorrow bill: let's get it rolling. fox news alert. dire new warnings about the nation's financial health. set your calendar. a new report shows we have just about a month before our national credit card limit is officially, maed out. despite all the numbers on the screen maxed out. i'm bill hemmer. welcome to "america's newsroom.". martha: feels like ground hog day? i do. by partisan policy center they say the u.s. will smack its head on the debt ceiling, as early as february 15th, five weeks or so from now unless congress raises the amount of money we're allowed to borrow. bill: what are the resolutions? stuart varney, host of "varney & company" on the fox business network. good morning, sir. give us the facts on the story. >> deja vu all over again. it is a new cliff. groundhog day all over again. this is debt ceiling cliff and approaching much faster
could that impact the man who is now nominated to succeed tim geithner? steve, good morning. >> thanks, carl. first of all, just to what you were talking about earlier, we understand geithner's going to hang out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but sustained growth was not. frank dod basel iii was not done. aig also done. what is the geithner model? what is the geithner doctrine? i think you can say like this, overwhelming government force when it's clear it's needed. b in a crisis, spend, regulate and guarantee and do it with conviction. let's talk about one of the things left over from the geithner years, which is going to be the issue of debt and deficit. i think you would say there was some accomplishment when it came to getting some of these deals in place. but ultimately, he pr
shows. joining us is the president of strategies and steve hayes are, for a fair and balanced debate. john rockerts pointed out, there are no fewer than 10 bills under consideration in the house of representatives right now to oppose some sort of new gun control from limiting the size of clips to resurrecting the assault ban. a working group led by vice-president biden is proposing these. let's look at what the washington post rer reports, a working group led by vice-president biden is considering measures that would require universal background checks for firearms buyers, track the movement and sale of weapons through a national database, strengthen mental health checks and stricter penalties for carrying guns near schools or giving them to minors. would that help? >> some of them will. i think some of them won't. i think the fact of the matter is -- let me state clearly where i am coming from, someone who lived in a home with a man who should not have guns and lived through the incident of someone trying to kill somebody and married to a former nra board member. so vicome to this f
of virgin atlantic. he's going to assume that job as of february 1st. current ceo steve ridgeway is retiring after 11 years on the job. >> let's welcome our two guest hosts who will be with us for the next two hours. first up we have senator ron johnson who is a member of the commerce and budget committees. also john allison, former bb&t ceo, also president of cato. welcome to the both of you. we have a lot to discuss with you. first we want to get to some of the things we're going to be talking about over the next two hours. guys, we have you here because we have some serious issues. things that are facing our nation and i know you both have some very serious thoughts about them. >> true. >> senator, you brought some cups that i think lay out some of your concerns. >> listen, what i like to talk about, obviously, is how do you start decreasing the level of uncertainty, bring certainly back to this economy, you know, restore confidence so we can get our economy growing again which is the primary, that's the best way to solving our fiscal situation. i think the other problem we've got to solv
there is no place like home to the estimate i think the media is fantastic. [laughter] [inaudible] steve batvinis dippers are not formally traded. even the newspapers still wants to make money but they are not under any kind of pressure to make to digit revenue. we have a publisher that is still in town and wants to keep the paper alive and he doesn't make money for the rest of the year. i used to be skeptical about the newspapers because they are a lot better. >> it really depends on the family come and german newspapers are falling to the right-wing, left-wing center and we know there will be orientations to focus newspapers in terms of family, you have pulitzer that our great families, great dynasties that didn't necessarily keep the greatest journalism who doesn't do the greatest journalism at the family-owned papers were motivated differently and they were not necessarily better. i am not speaking in favor of i worry about corporate owned media because they don't care so much about the enterprise of journalism. if the proponent of journalism of ink today is rupert murdoch. he loves newspaper
from frostburg, maryland. independent line. caller: good morning, steve. i had a daughter that was murder ed and these people out there in newtown, connecticut -- my daughter was 5 years old. those parents will never be the same again. when the founders wrote the constitution for the second amendment they didn't have 50 caliber ak-47's and these other high assault rifles that were designed specifically to kill people. in our country we have too many sick people. my government continues to bow down to people like the n.r.a. and we need prudent, wise people making rules in our country now and quit butting down -- quit bowing down to these groups that are primarily in it for money. we have too many dying and too much sickness in the country. it needs to stop. somebody has to stand up and say enough is enough and use wisdom with the power they have in washington. host: thank you. are you still with us. caller: yes. host: what happened in your situati situation? 1979er: she was murdered in by a crazy person, another powe of america's crazy people. host: where was she killed? ca
geithner. steve liesman joins us now. he has a look at exactly what lew will be left with once mr. geithner leaves town. >> no easier job now. treasury sect job was a tough job to begin with and today's circumstances, this post financial crisis world, a tougher job yet. let's go through some of the things that we know and some things we don't know. the debt ceiling and more among the jobs here, negotiate a debt ceiling and sequester deal with congress, or if you don't do that figure out thousand run the government without debt. an interesting job. also on that agenda, fixing long term entitlements. as well as the broader thing which geithner has been working on, but hasn't really pulled the trigger on, corporate and individual tax reform. let's broaden it out because there's a local other area especially in the wake of the financial crisis. the global finance job. who is the treasury secretary? he's the guy you need to stand up during the next meltdown. second thing, dodd-frank remains out there, unfinished regulations. basil 3. fannie mae and freddie mac as well as more on too big to fail.
: and steve hartman "on the road." when the call went it for snowflakes for the children of newtown, no one could have predicted the response. >> oh, my goodness, i wouldn't change this for the world. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good even
. >> that's a really good depression. so it's good, but i don't know what it means. >>> coming up, why steve cohen's sap capital could be bracing from the big hour of squawk. you can't afford to miss this next deal in congress. it's going hit your take home pay line by line. it's more money than you might have thought coming up at 7:00 eastern time. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to "squawk box" this morning. u.s. equities at this hour, we have red arrows. dow off about 11 points this morning. the nasdaq off 1.5 points. s&p 500 marginally off about a point this morning. sap capital telling business employees and parter ners it's bracing for employee withdraw. the journal says this is amid intense regulatory scrutiny of alleged insider trading at sac. worth noting,
we have found a way it be able to run automobiles with water, that was the hope of steve jobs. they run on water and we've got that in q2. i'm taking numbers down. that's where we are right now, the mind-set of apple is so horrible, that i feel like taking a big bag of macintoshs and smashing them. >> if this story had come out a year ago, it would have been seen as leading a way in the emerging market play. this is exactly what they needed to do. >> 40 billion more apps, china taking over the world, nokia destroyed. now it's like, a new phone, you know, wow. >> the context is a different context this year than a year ago. you look at the third-quarter share loss. 14.6% down from 23% a year ago. you look at samsung's growth, and samsung at 31% of worldwide shipments, from 8.8%. so we're seeing these two sort of cross paths here with samsung on the upswing, samsung yesterday reporting a record year, and apple on the down side. >> how long is tim cook going to subsidize its biggest enemy, samsung, and not go to taiwan semiconductors? do something about this south korean invasion
through 12 education and 450 million dollars extra for school, energy efficiency projects. steve malanga is here, the expert on state finances. i'm saying that, yeah, i've been harsh on california in the past, the formerly golden state. i say you've got to look more deeply at this budget it ain't as good as it looks and you say what? >> a couple of things, first of all, california has been essentially borrowing to increase its spending and they have about 23 billion dollars of debt that they have to pay back. it includes-- >> hold on, i've got to interrupt. they got 23 billion dollars. more debt than that, this is just budget deficit. stuart: this is fresh borrowing to cover the 26 billion deficit in the past and that 23 billion has to be repaid, but is not included in this budget. >> well, yes, actually it is included in the budget. in other words, a lot of the money from the tax increase and tax revenues currently are actually going to basically pay back borrowing against previous budgets. so and then the the second thing that's happening is california is not really reforming its spend
. hold on. and then the story i read on the front page of the wall street journal, steve, it did make the arrangement that he did run the two divisions, one of which got into serious trouble in 2007, 2008. he wasn't the guy making the investment decisions that really caused such severe heartburn. i red read that in the wall street journal today. >> well, he was in charge of the operation and it lost money. whether he was making specific calls on investments, don't know. but you don't look at that reference and say, gee, this really makes him qualified to be the treasury secretary for the united states. >> all right. let's let ali weigh in. >> steve, good to see you. i'm not sure anyone who would nominate for treasury secretary that the editorial of the wall street editorial would but who knows. your history is one of a tax fighter. you've been a tax fighter forever. you're founder of the club for growth. >> right. >> you've got the same dna as grover norquist and pat toomey and guys like this. jack lew understands budgets. the fact of the matter is, this is a guy that can speak the ri
coming up. check in with steve doocy. >> tgif coming up on fox and friends joe biden held the meeting with the nra to discuss gun control. we will hear from a couple of people inside that meeting. didn't go well. then the latest on the flu outbreak as you just heard continues to spread. dr. martin seigel is here to talk about whether allison cam rat taw had or hasn't had the flu shot. >> i think i did. >> then i will sit here for the next three hours. >> geraldo rivera will come by at 8:00 and talk all sorts of things in the news. it starts right here on fox news channel. own. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ >> it is 10 minutes before the hour. some union leaders are scoring some really big bucks for their own efforts. union disclosure forms show the president of the united workers union in new jersey is making more than 525,000 dollars a year. the boilermaker union president newton jones also put the big in big labor making 506,000 dollars a year. a lot of dou
. therefore, the outlook for qe is steve liesman. who we should note, of course, was hobnobbing with a lot of economists last week. >> simon, thanks. what i've been able to figure out is there are actually two separate fault lines that have developed over at the fed over how much quantitative easing to do this year. the first one is the easy one. some officials seeing the economy meeting the labor market before others. and look at this chart of the fed unemployment rate forecast for 2013. it shows those divisions really not that extreme. pretty solid majority. 16 of 19 members. they see the unemployment remain above 7.4% this year. that's probably enough to just fight qe for the full year. the more complicated split is among those who are worried about growth in the balance sheet and the fallout from trying to adjust it once the economy picks up. let's take a look at what the minutes said. a few members of the fed are in favor of asset purchases to the end of 2013. a few others, they would like to see considerable policy accommodation, but no specific time frame or total on the amount. it'
russia may have unveiled the best monument for steve jobs. six foot tall shaped like an iphone 5. it displays photos from key moments in jobs' life as well as speeches. just like the real iphone monument display is a touch screen that can be manipulated to select different parts of his biography. russians like apple products but can't afford most of them. >> one last check on the weather forecast. cold a little rainy. spencer christian is back. >> a little bit rainy right now. scattered showers as you can see on live doppler 7. most of the shower activity is offshore. some of it just beginning to touch coastal areas down here on the coast line of the peninsula we see south and north of ben lomond. more showers developing in the overnight hours. speaking of overnight showers lingering by midday, partial clearing. showers winding down, high temperatures barely making it up to 50 degrees. 49ers taking on the green bay packers in playoff football game. cold and dry, temperatures only in the 40s during the game. here is accu-weather seven-day forecast, very cold mornings coming our wa
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